Headlands Technologies LLC Purchases Shares of 12,397 Arch Capital Group Ltd. (NASDAQ:ACGL)

Headlands Technologies LLC acquired a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 12,397 shares of the insurance provider’s stock, valued at approximately $921,000.

Other large investors also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in Arch Capital Group by 112.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,620,807 shares of the insurance provider’s stock valued at $208,905,000 after acquiring an additional 1,387,072 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Arch Capital Group by 597.9% in the 3rd quarter. Hsbc Holdings PLC now owns 1,419,944 shares of the insurance provider’s stock valued at $113,516,000 after buying an additional 1,216,498 shares during the period. Assetmark Inc. raised its position in shares of Arch Capital Group by 316.7% in the 3rd quarter. Assetmark Inc. now owns 977,982 shares of the insurance provider’s stock valued at $77,955,000 after buying an additional 743,303 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Arch Capital Group by 16.3% during the 3rd quarter. Invesco Ltd. now owns 3,385,665 shares of the insurance provider’s stock worth $269,871,000 after acquiring an additional 475,464 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in shares of Arch Capital Group during the 4th quarter worth approximately $295,440,000. 89.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ACGL has been the topic of a number of research reports. UBS Group reduced their price objective on Arch Capital Group from $101.00 to $97.00 and set a “buy” rating on the stock in a research report on Wednesday, January 10th. JMP Securities reiterated a “market outperform” rating and issued a $100.00 price objective on shares of Arch Capital Group in a report on Monday, April 15th. StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Monday, March 11th. Evercore ISI lifted their price target on shares of Arch Capital Group from $92.00 to $100.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $98.00 target price on shares of Arch Capital Group in a research report on Friday, February 16th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $96.23.

Arch Capital Group Stock Down 2.3 %

NASDAQ:ACGL traded down $2.15 during trading hours on Friday, reaching $90.90. The company had a trading volume of 1,458,046 shares, compared to its average volume of 1,447,893. Arch Capital Group Ltd. has a twelve month low of $69.05 and a twelve month high of $95.01. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.17. The firm has a market cap of $34.10 billion, a price-to-earnings ratio of 7.82, a P/E/G ratio of 1.16 and a beta of 0.57. The business’s 50-day simple moving average is $90.34 and its two-hundred day simple moving average is $84.40.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Thursday, February 15th. The insurance provider reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.55. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.67 billion. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. During the same period in the previous year, the company posted $2.14 EPS. On average, equities analysts expect that Arch Capital Group Ltd. will post 8.03 earnings per share for the current year.

Insider Activity

In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the transaction, the insider now owns 651,931 shares in the company, valued at $57,057,001.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the completion of the sale, the insider now directly owns 651,931 shares of the company’s stock, valued at $57,057,001.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Maamoun Rajeh sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total value of $4,374,000.00. Following the completion of the transaction, the chief executive officer now owns 336,170 shares in the company, valued at approximately $29,408,151.60. The disclosure for this sale can be found here. Insiders sold a total of 135,689 shares of company stock worth $11,872,217 over the last quarter. 4.20% of the stock is currently owned by corporate insiders.

About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.